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Posted on 09/30/2026 3:51:08 PM PDT by Libloather
Desperate Gen Zers and millennials are turning to online gambling and AI to claw their way out of crushing debt — in part because of the “approachability” and “judgement-free advice” from computers, according to a new survey.
Sports betting, prediction markets like Polymarket and Kalshi, fantasy sports, day trading and even old fashioned casino gambling aren’t just hobbies — or addictions — anymore; they’re financial survival strategies for cash-strapped adults, according to a new poll from National Debt Relief and Wakefield Research.
A whopping 65% of Gen Z and 49% of millennials who regularly gamble say they have done so to try to eliminate a chunk of their debt, compared to 39% of Gen X and 19% of boomers.
And when it comes to guidance, AI has become a personal financial guru, according to the survey of 2,000 US adults above the age of 18.
An eye-opening 69% of millennials and 64% of Gen Z report using AI for money advice during financial struggles, compared with 45% of Gen X and just 23% of boomers.
The survey found “judement-free advice” and “AI’s approachability” was a major draw for using AI to manage their money matters.
Sixty-five percent of millennials and 53% of Gen Z reported they felt more comfortable talking about their financial woes with computers rather than with family and friends, according to the poll.
(Excerpt) Read more at nypost.com ...
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Not anymore - at least, not the brick and mortar casinos.
The Kalshi/Polymarket/etc stuff really plays merry hob with my principles: I oppose the idea of the government “saving people from themselves”. I dislike making things I find unsavory *illegal* simply because I dislike such things.
I struggle to find the line without rethinking the foundational principle though.
Kalshi recently filed to allow margin and option trading. I think I’m OK with opposing that.
Gambling can become an addiction. I worked at Ford Aerospace in Nevada, early 90’s. Tonopah
This guy spent every bit of free time at the old Mizpah.
Got loans from all the new people coming and going at Ford.
He had a high position in the company so I guess the new kids thought they were helping him out.
I bet.
Sydney Sweeney’s racy ads help sports betting platform quadruple valuation to $2B
Yeah I dont see how this doesn’t work out well..... /sarc
Must have been written by AI
Sell feet pics. /s
They hate guys like me in Vegas. I have to go there every couple years for trade shows. I’m there for a week at a time and have never spent a penny on anything other than food.
Yes faith in luck has bad odds.
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